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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest Event
Reported):July 30, 1998
ASSET BACKED SECURITIES CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 333-00365 13-3354848
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
Eleven Madison Avenue
New York, New York 10010
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (212) 325-2000
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Item 5. Other Events.
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Filing of Computational Materials
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In connection with the proposed offering of the Credit Suisse First
Boston Mortgage Pass-Through Certificates, Credit Suisse First-Boston
Corporation, as the underwriter (the "Underwriter") has prepared certain
materials (the "Computational Materials") for distribution to their potential
investors. Although Asset-Backed Securities Corporation (the "Company") provided
the Underwriters with certain information regarding the characteristics of the
mortgage loans in the related portfolio, the Company did not participate in the
preparation of the Computational Materials.
The Computational Materials are attached hereto as Exhibit 99.1. These
Computational Materials are filed on Form SE dated July 31, 1998 and supersede
any prior collateral information which may have been previously filed with the
Securities and Exchange Commission.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Computational Materials filed
on Form SE dated July 31, 1998.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ASSET BACKED SECURITIES CORPORATION
By: /s/ Kari Skilbred
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Name: Kari Skilbred
Title: Vice President
Dated: July 31, 1998
Exhibit Index
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Exhibit Page
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99.1 Computational Materials filed
on Form SE dated July 28, 1998.
BROWN & WOOD LLP
One World Trade Center
New York, New York 10048
Telephone: (212) 839-5300
Facsimile: (212) 839-5599
July 31, 1998
BY MODEM
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Asset Backed Securities Corporation,
Credit Suisse First Boston Mortgage
Pass-Through Certificates
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Ladies and Gentlemen:
On behalf of Asset Backed Securities Corporation (the "Company"), we
enclose herewith for filing, pursuant to the Securities and Exchange Act of
1934, as amended, the Company's Current Report on Form 8-K, for Computational
Materials in connection with the above-referenced transaction.
Very truly yours,
/s/ Edward B. Locke
Edward B. Locke
Enclosure
